Print media expected to grow at 9-10 pc: AIFMP

B D Narayankar

Press TRust of India

Bangalore, Sep 21: With the country''s economy recording 8-9 per cent growth and the increase in advertising expenditures across media platforms, the print media was expected to grow at 9-10 per cent during 2011-15, All India Federation of Master Printers (AIFMP) said today.
The print classifieds market was worth 300 million USD and the liberalised foreign investment policy had given the industry leverage to expand further, AIFMP President Manoj B Mehta told reporters here.
The country received nearly 150 million USD in 2009-10.
He said the Indian printing sector was growing at 12 per cent per annum and had a market share of about 22 billion USD while the packaging industry was also growing at 14-15 per cent which was expected to double in the next two years.
He said the Indian digital printing industry would achieve a compounded annual growth rate of 85 per cent in 2011-12.
Mehta is here in connection with the sixth National Awards for Execellence in Printing being organised by the AIFMP here on September 23.
He said Governor H R Bhardwaj would inaugurate the event.
President of Sri Lanka Association of Printers Sanjeev Mohan will inaugurate the Print Award Gallery and AIFMP Director Vijay Kumar Chopra will be guest of honour.
Mehta said paper consumption was projected to reach 13.95 million ton by 2015-16 making India world''s fastest growing market.
In view of huge international costs of print machineries, AIFMP had requested the government to increase the prevalent ''CLCSS'' scheme subsidy from Rs 15 lakh to Rs 50 lakh, he said adding "This measure will help in importing latest technology in pre-press, press and post-press areas," he said.
AIFMP also plans to develop a printing skill training institute with collaboration of an academic institution at Karnataka Industrial Area Development Board (KIADB) in Harohalli at a cost of Rs 40 crore, Mehta announced.


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